Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
Unregistered Sales of Equity Securities
On September 1, 2026, in connection with the Company’s acquisition of NCS, 357,159 ordinary shares were issued to Advent-NCS Acquisition Limited Partnership (“Advent”), the largest shareholder of NCS, in reliance upon the exemption from the registration requirements of the Securities Act pursuant to Section 4(a)(2) of the Securities Act as a private placement by Weatherford not involving any public offering. The resale of such shares by Advent was subsequently registered on Form S-3 by the filing of a prospectus supplement to the Company’s Form S-3ASR registration statement (Registration No. 333-288045) on September 1, 2026.
Issuer Repurchases of Equity Securities
Following is a summary of our repurchases of our ordinary shares during the three months ended September 30, 2026.
Period
Total Number of Shares Purchased
Average Price Paid per Share
Total Number of Shares Purchased as Part of a Publicly Announced Program (1)
Maximum Dollar Value of Shares that may yet be Purchased Under the Program (1)
July 1 - 31 205,585 $83.20 205,585 $256,979,302
August 1 - 31 77,826 $90.47 77,826 $249,938,747
September 1 - 30 41,866 $87.20 41,866 $246,287,983
Total 325,277 $85.45 325,277
(1) On July 23, 2024, we announced a program under which we may repurchase our ordinary shares from time to time, up to $500 million through June 2027. Approximately $246 million remained authorized for repurchases as of September 30, 2026. From the inception of this program in July of 2024 through September 30, 2026, we have repurchased approximately 3.5 million ordinary shares for $254 million.
Item 3. Defaults Upon Senior Securities.
None.
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Item 4. Mine Safety Disclosures.
Not applicable.
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